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Rocket reports steep decline in profit in 2Q

National Mortgage
Mortgage Finance
3 years ago

Rocket Cos. was barely profitable in the second quarter, earning a mere $60 million of net income, versus $1.03 billion,.. Read More;

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Most fixes see average rates rise this week, says Moneyfacts

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The average rate for a two-year fix increased by 6 basis points to 3.99%, for a three-year fix the average,.. Read More;

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Skipton Building Society posts

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The group, which also owns estate agent Connells, says its mortgages and savings unit saw pre-tax profit jump by 48%,.. Read More;

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Evolution Money completes inaugural securitisation worth

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The new agreement refinances Evolution’s existing facilities with senior funding now supplied by NatWest Markets and mezzanine funding provided by,.. Read More;

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FDIC promises more scrutiny of banks' commercial real estate loans

National Mortgage
Mortgage Finance
3 years ago

The Federal Deposit Insurance Corp. plans to increase its scrutiny of banks' exposure to commercial real estate loans, citing uncertainty,.. Read More;

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Steven Schnall, CEO of Quontic Bank, dies in an accident

National Mortgage
Mortgage Finance
3 years ago

Steven Schnall, the CEO and founder of Quontic Bank in New York City, died this week. He was 55.Schnall died,.. Read More;

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ICE Mortgage Technology loses $6M in 2Q22

National Mortgage
Mortgage Finance
3 years ago

Intercontinental Exchange executives were bullish on its mortgage business even though that segment produced a GAAP operating loss of $6,.. Read More;

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Equifax may face class action after credit score glitch

National Mortgage
Mortgage Finance
3 years ago

Equifax, the second-biggest global credit bureau, was hit with a proposed class-action lawsuit after a report that it provided inaccurate,.. Read More;

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Ocwen's strategy shift notches modest win in Q2 earnings

National Mortgage
Mortgage Finance
3 years ago

Ocwen Financial eked out a second quarter profit due to cost cuts, appreciation in owned mortgage servicing rights, and a,.. Read More;

post

Mortgage rates fall back below 5%

National Mortgage
Mortgage Finance
3 years ago

Average mortgage rates dropped under 5% for the first time since mid April over the past week, Freddie Mac reported,,.. Read More;

post

Fed leaders pledge tough fight to keep inflation credibility

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve leaders pledged the central bank would continue an aggressive fight to cool an inflation rate that's at a,.. Read More;

post

Construction figures fall for first time in 18 months

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Its latest construction purchasing managers index reports the headline figure falling from 52.6 in June to 48.9 on the month. While,.. Read More;

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